Current Attempt in Progress Presented below is information for Cullumber Co. for the month of January 2022 Cost of goods sold Freight-out Insurance expense Salaries and wages expense Income tax expense $205,200 8,200 13,600 60.200 4,200 Rent expense Sales discounts Sales returns and allowances Sales revenue Other comprehensive income (niet of $400 tax) $33,000 8,800 18,600 393,500 2.000 Calculate the profit margin and the gross profit rate. (Round answers to 1 decimal place, eg. 15.2%) Profit margin % Gross profit rate %